California Court of Appeal May 7, 1956, Civ. No. 16567 (Wells Fargo Bank & Union Trust Co. v. Talbot)

PETERS, P. J.

The Wells Fargo Bank and Union Trust Company is the trustee of a trust created by the will of William H. Talbot. In October of 1951 it filed its twentieth account, asking, among other things, for court approval of a transaction in which the trustee had sold many of the common stocks owned by the trust, and bought government bonds.